Demand for portable CMM (Coordinate Measuring Machine) software, growing acceptance for point cloud capabilities, and drive towards precision engineering are collectively driving adoption of metrology software solutions across the globe. In addition, their ability to integrate multiple functions within a single unit, thereby making device compact has further fueled market momentum in different verticals. These factors are expected to contribute towards a single digit compounded annual growth rate (CAGR) during the forecast period 2016 – 2023. The global metrology software market is expected to exceed US$ 652.1 Mn by 2023.
Report Scope
This report analyzes the global metrology software market in terms of end-use application and geography. On the basis of end-use application, the market for metrology software is further classified into industrial manufacturing, automotive, electrical and electronics, aerospace, and energy and power, and healthcare among others. The geographical distribution of the global metrology software market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
1.1 Report Description
Purpose of the Report
The purpose of this strategic research study titled “Global Metrology Software Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global metrology industry.
Target Audience
USP and Key Offerings
The report titled “Global Metrology Software Market- Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global metrology software market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on applications and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading metrology software vendors their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global metrology software market, offering market size and estimates for the period from 2014 to 2023, keeping in mind the above mentioned factors.
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Metrology Software Market Snapshot
3. Global Metrology Software Market Analysis
3.1. Global Metrology Software Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.3.3. Opportunity Matrix
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Porters Five Force Analysis
3.6.1. Bargaining Power of Buyers
3.6.2. Bargaining Power of Suppliers
3.6.3. Degree of Competition
3.6.4. Threat of New Entrants
3.6.5. Threat of Substitutes
3.7. Market Positioning of Key Industry Participants
3.7.1. Major Strategies Adopted
3.7.2. Analyst Recommendations
4. Global Metrology Software Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
4.1. Tornado Analysis
4.2. Industrial Manufacturing
4.3. Automotive
4.4. Electrical and Electronics
4.5. Aerospace
4.6. Energy and Power
4.7. Others (Healthcare, etc.)
5. Global Metrology Software Market Revenue, By Geography, 2014 – 2023 (US$ Mn)
5.1. Tornado Analysis
5.2. North America
5.2.1. U.S.
5.2.2. Canada
5.3. Europe
5.3.1. U.K.
5.3.2. France
5.3.3. Germany
5.3.4. Rest of Europe
5.4. Asia Pacific
5.4.1. Japan
5.4.2. China
5.4.3. India
5.4.4. Rest of Asia Pacific
5.5. Rest of World
5.5.1. Latin America
5.5.2. Middle-East and Africa
6. North America Metrology Software Market Analysis, 2014 – 2023 (US$ Mn)
6.1. North America Metrology Software Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
6.1.1. Industrial Manufacturing
6.1.2. Automotive
6.1.3. Electrical and Electronics
6.1.4. Aerospace
6.1.5. Energy and Power
6.1.6. Others (Healthcare, etc.)
6.2. North America Metrology Software Market Revenue, By Country, 2014 – 2023 (US$ Mn)
6.2.1. U.S.
6.2.1.1. U.S. Metrology Software Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
6.2.2. Canada
6.2.2.1. Canada Metrology Software Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
7. Europe Metrology Software Market Analysis, 2014 – 2023 (US$ Mn)
7.1. Europe Metrology Software Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
7.1.1. Industrial Manufacturing
7.1.2. Automotive
7.1.3. Electrical and Electronics
7.1.4. Aerospace
7.1.5. Energy and Power
7.1.6. Others (Healthcare, etc.)
7.2. Europe Metrology Software Market Revenue, By Region, 2014 – 2023 (US$ Mn)
7.2.1. U.K.
7.2.1.1. U.K. Metrology Software Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
7.2.2. Germany
7.2.2.1. Germany Metrology Software Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
7.2.3. France
7.2.3.1. France Metrology Software Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
7.2.4. Rest of Europe
7.2.4.1. Rest of Europe Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
8. Asia Pacific Metrology Software Market Analysis, 2014 – 2023 (US$ Mn)
8.1. Asia Pacific Metrology Software Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
8.1.1. Industrial Manufacturing
8.1.2. Automotive
8.1.3. Electrical and Electronics
8.1.4. Aerospace
8.1.5. Energy and Power
8.1.6. Others (Healthcare, etc.)
8.2. Asia Pacific Metrology Software Market Revenue, By Country, 2014 – 2023 (US$ Mn)
8.2.1. Japan
8.2.1.1. Japan Metrology Software Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
8.2.2. China
8.2.2.1. China Metrology Software Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
8.2.3. India
8.2.3.1. India Metrology Software Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
8.2.4. Rest of Asia Pacific
8.2.4.1. Rest of Asia Pacific Metrology Software Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
9. Rest of World Metrology Software Market Analysis, 2014 – 2023 (US$ Mn)
9.1. Rest of World Metrology Software Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
9.1.1. Industrial Manufacturing
9.1.2. Automotive
9.1.3. Electrical and Electronics
9.1.4. Aerospace
9.1.5. Energy and Power
9.1.6. Others (Healthcare, etc.)
9.2. Rest of World Metrology Software Market Revenue, By Region, 2014 – 2023 (US$ Mn)
9.2.1. Latin America
9.2.1.1. Latin America Pacific Metrology Software Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
9.2.2. Middle-East and Africa
9.2.2.1. Middle-East and Africa Metrology Software Market Revenue, By End-use Application, 2014 – 2023 (US$ Mn)
10. Company Profiles
10.1. Hexagon AB
10.2. Carl Zeiss AG
10.3. Renishaw Plc.
10.4. Nikon Metrology Inc.
10.5. AICON 3D Systems GmbH
10.6. 3D Systems Corporation
10.7. Konica Minolta Sensing Inc.
10.8. Kotem Technologies Inc.
10.9. Rudolph Technologies Inc.
10.10. Micro-Vu Corporation,
10.11. Faro Technologies, Inc.
10.12. GE Measurement & Control Solutions Inc.
10.13. Verisurf Software Inc.
10.14. Metrologic Group SA
List of Figures
FIG. 1 Global Metrology Software: Market Segmentation
FIG. 2 Global Metrology Software Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Metrology Software Market, By End-use Application, 2015 (US$ Mn)
FIG. 5 Global Metrology Software Market, By Geography, 2015 (US$ Mn)
FIG. 6 Global Metrology Software Market Revenue and Growth, 2014 - 2023, (US$ Mn and % Y-o-Y)
FIG. 7 See-Saw Analysis : Global Metrology Software Market
FIG. 8 Porter Five Force Analysis: Global Metrology Software Market
FIG. 9 Market Positioning of Key Industry Participants, 2015
FIG. 10 Global Metrology Software Market Revenue Contribution, By End-use Application, 2015 & 2023 (US$ Mn)
FIG. 11 Global Metrology Software Market Revenue and Growth for Industrial Manufacturing Applications, 2014 - 2023, (US$ Mn)
FIG. 12 Global Metrology Software Market Revenue and Growth for Automotive Applications, 2014 - 2023, (US$ Mn)
FIG. 13 Global Metrology Software Market Revenue and Growth for Electronic and Electrical Applications, 2014 - 2023, (US$ Mn)
FIG. 14 Global Metrology Software Market Revenue and Growth for Aerospace Applications, 2014 - 2023, (US$ Mn)
FIG. 15 Global Metrology Software Market Revenue and Growth, for Energy and Power Applications, 2014 - 2023, (US$ Mn)
FIG. 16 Global Metrology Software Market Revenue and Growth for Other Applications, 2014 - 2023, (US$ Mn)
FIG. 17 North America Metrology Software Market Revenue and Growth, 2014 - 2023, (US$ Mn) (Y-o-Y %)
FIG. 18 Europe Metrology Software Market Revenue and Growth, 2014 - 2023, (US$ Mn) (Y-o-Y %)
FIG. 19 Asia Pacific Metrology Software Market Revenue and Growth, 2014 - 2023, (US$ Mn) (Y-o-Y %)
FIG. 20 RoW Metrology Software Market Revenue and Growth, 2014– 2023, (US$ Mn) (Y-o-Y %)
List of Tables
TABLE 1 Market Snapshot: Global Metrology Software Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Metrology Software Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 5 North America Metrology Software Market Revenue, By Country, 2014 - 2023 (US$ Mn)
TABLE 6 U.S. Metrology Software Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 7 Canada Metrology Software Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 8 Europe Metrology Software Market Revenue, By End-use Application, 2015 - 2023 (US$ Mn)
TABLE 9 Europe Metrology Software Market Revenue, By Country, 2014 - 2023 (US$ Mn)
TABLE 10 U.K. Metrology Software Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 11 France Metrology Software Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 12 Germany Metrology Software Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 13 Rest of Europe Metrology Software Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 14 Asia Pacific Metrology Software Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 15 Asia Pacific Metrology Software Market Revenue, By Country, 2014 - 2023 (US$ Mn)
TABLE 16 China Metrology Software Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 17 Japan Metrology Software Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 18 India Metrology Software Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 19 Rest of Asia Pacifc Metrology Software Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 20 Rest of World Metrology Software Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 21 Rest of World Metrology Software Market Revenue, By Region, 2014 - 2023 (US$ Mn)
TABLE 22 Latin America Metrology Software Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 23 Middle-East and Africa Metrology Software Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
On the basis of end-use application, the global metrology software market is categorized into following segments:
The contribution of these applications to the global metrology software market in 2015 and 2023 is as shown in the figure below
The growing trend towards complete automation of manufacturing facilities is instrumental in driving adoption of metrology equipment and software solutions in the industrial segment. Industry verticals including automotive, electrical and electronics, pharmaceuticals, and aerospace are all expected to register strong growth over the forecast period 2016 – 2023. The need for accurate measurements in the manufacture of components in automobiles and aircrafts bodes well for the market growth in automobile and aerospace segments. Similarly, compliance with the enacted government regulations and standards supporting safety and reliability necessitates consumer electronics manufacturers to focus on precision and accuracy while manufacturing. This, in turn has had positive impact on the overall demand for metrology software solutions.
On the basis of geography, the global metrology software market is segmented into following regions and countries.
The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global metrology software market in 2015 is as shown in the figure below
In the base year of 2015, North America dominated the world metrology software market followed by Europe and Asia Pacific respectively. The U.S. is the largest and the most attractive metrology software market worldwide. The trend is expected to prolong and the region (North America) is estimated to witness healthy growth during the forecast period 2016 – 2023. High technology acceptance across key end-use verticals such as automotive and aerospace is instrumental in fueling market demand in the region. Over the forecast period 2016 – 2023, the region is expected to remain the largest metrology software market worldwide. On the other hand, Asia Pacific is poised to exhibit robust growth, outpacing North America and Europe during the forecast period 2016 – 2023. The anticipated growth is primarily expected to come from the growing industrial sector in the region. China and India are slated to become the most lucrative metrology software market worldwide by 2023.
